DislikedThe DailyFX education team just tweeted about this chart setup for USD/CAD. The pair found bearish divergence with the slow stochastic oscillator as price just retraced 50% of the prior move.
Ignored
The last trade idea I posted from the DailyFX education team has since reached its profit target locking in over 100 pips. Today, trade instructor James Stanley has tweeted about a new chart setup to short AUD/JPY.
http://img138.imageshack.us/img138/4070/a8c.png
Stochastics are overbought, which indicate the long term downtrend in the pair could resume. An entry order to short AUD/JPY can be placed at 87.75 with a stop loss at 89.25 and a profit target at 85.00. To keep up to date with all his latest trade ideas you can follow James Stanley on Twitter.